Tag: Lithium

Pan American Energy (CSE: PNRG; US-OTC: PAANF) reported on Friday assays as high as 2.75% lithium oxide (Li2O) over 1 metre from its Big Mack project in northwestern Ontario, comparable with Avalon Advanced Materials’ (TSX: AVL; US-OTC: AVLNF) Big Whopper deposit.

Prices for lithium and the stocks of companies trying to mine it are poised to rebound by July although they’re unlikely to resume the boom times of two years ago, Canaccord Genuity analysts say.

Despite the 80% retreat in lithium prices over the past year, junior companies in the space are confident in the long-term view for the battery metal.

Patriot Battery Metals (TSX: PMET; ASX: PMT) has leveraged its management’s experience in Australia — the world’s largest lithium producer — to make lightning-fast progress at its Corvette project in Quebec.

Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in November that opened and closed in under 30 minutes.

Frontier Lithium (TSXV: FL; US-OTC: LITOF) has reported high-grade results from the summer channel sampling program at its Pennock pegmatite in northwestern Ontario.

Li-FT Power (TSXV: LIFT; US-OTC: LIFFF) has closed its recently announced overnight marketed public offering of flow-through shares priced at $8.65 each. About 1.44 million shares were sold.

An updated resource for American Lithium‘s (TSXV: LI, NASDAQ: AMLI) Falchani project in Peru grows the measured and indicated totals of lithium carbonate equivalent (LCE) by 476%, according to the report released on Tuesday.

Chile-focused CleanTech Lithium (AIM: CTL) said on Tuesday that results of a recently completed scoping study of its Francisco Basin project confirmed the asset’s forecast potential and estimated production could start in 2027.

Sigma Lithium (NASDAQ: SGML, TSXV: SGML) has made its second shipment from its Grota do Cirilo mine in Brazil, after trucking 15,000 tonnes of battery-grade spodumene concentrate and 30,000 tonnes of byproducts to Vitoria Port in Brazil. The company reached first production at its processing plant in April.

Facing more restrictive foreign investment policies in developed markets, China is expected to continue building its influence over key minerals such as lithium and cobalt across the developing world, according to S&P Global.

Cornish Lithium, a start-up that attracted the interest of the battery metals sector with its plans to open a lithium mine in the UK, has warned it could go bust if it fails to secure capital injection of around $17 million (£10.2 million).